VICI Properties Inc. (NYSE:VICI) has a beta value of 1.01 and has seen 5.77 million shares traded in the last trading session. The company, currently valued at $31.47B, closed the last trade at $32.98 per share which meant it lost -$0.56 on the day or -1.67% during that session. The VICI stock price is -8.22% off its 52-week high price of $35.69 and 20.47% above the 52-week low of $26.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.02 million shares traded. The 3-month trading volume is 7.17 million shares.
The consensus among analysts is that VICI Properties Inc. (VICI) is a Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 1 out of 19 have rated it as a Hold, with 16 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.56.
VICI Properties Inc. (NYSE:VICI) trade information
Sporting -1.67% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the VICI stock price touched $32.98 or saw a rise of 1.85%. Year-to-date, VICI Properties Inc. shares have moved 9.53%, while the 5-day performance has seen it change -0.48%. Over the past 30 days, the shares of VICI Properties Inc. (NYSE:VICI) have changed -4.74%. Short interest in the company has seen 42.44 million shares shorted with days to cover at 7.06.
Wall Street analysts have a consensus price target for the stock at $37.88, which means that the shares’ value could jump 12.94% from current levels. The projected low price target is $31.00 while the price target rests at a high of $46.00. In that case, then, we find that the current price level is -39.48% off the targeted high while a plunge would see the stock lose 6.0% from current levels.
VICI Properties Inc. (VICI) estimates and forecasts
Figures show that VICI Properties Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 22.74% over the past 6 months, with this year growth rate of 4.95%, compared to 4.00% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 100.00% and 29.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 69.40%.
8 analysts offering their estimates for the company have set an average revenue estimate of $720.64 million for the current quarter. 8 have an estimated revenue figure of $728.28 million for the next quarter concluding in Dec 2022. Year-ago sales stood $375.7 million and $383.15 million respectively for this quarter and the next, and analysts expect sales will grow by 91.80% for the current quarter and 90.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 10.87% over the past 5 years. Earnings growth for 2022 is a modest 0.70% while over the next 5 years, the company’s earnings are expected to increase by 7.10%.
VICI Properties Inc. is expected to release its next earnings report between October 25 and October 31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.56 at a share yield of 4.73%. The company’s dividend yield has gone up over the past 12 months.
VICI Properties Inc. (NYSE:VICI)’s Major holders
Insiders own 0.39% of the company shares, while shares held by institutions stand at 107.11% with a share float percentage of 107.53%. Investors are also buoyed by the number of investors in a company, with VICI Properties Inc. having a total of 917 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 140.54 million shares worth more than $4.63 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 14.59% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 95.85 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $3.16 billion and represent 9.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Capital Income Builder, Inc. and Income Fund of America Inc. As of Jun 29, 2022, the former fund manager holds about 6.12% shares in the company for having 58.9 million shares of worth $1.94 billion while later fund manager owns 44.14 million shares of worth $1.46 billion as of Jun 29, 2022, which makes it owner of about 4.58% of company’s outstanding stock.